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REGISTERED NUMBER: 08071047 (England and Wales)















DEFINITIVE SOFTWARE DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






DEFINITIVE SOFTWARE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08071047)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DEFINITIVE SOFTWARE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J R Dalton
A N Eckersley
G W Leach
S J Kelly





REGISTERED OFFICE: Unit 1a, Liverpool Road
Light Industrial Estate
Walmer Bridge
Preston
PR4 5HY





REGISTERED NUMBER: 08071047 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

DEFINITIVE SOFTWARE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08071047)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 92 -

CURRENT ASSETS
Debtors 5 3,539 1,733
Cash at bank 40,185 13,344
43,724 15,077
CREDITORS
Amounts falling due within one year 6 (12,309 ) (3,706 )
NET CURRENT ASSETS 31,415 11,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,507

11,371

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 31,495 11,359
31,507 11,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





A N Eckersley - Director


DEFINITIVE SOFTWARE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08071047)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Definitive Software Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08071047 and its registered office address is Unit 1a, Liverpool Road, Light Industrial Estate, Walmer Bridge, Preston, PR4 5HY.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates
The directors do not consider there to be any critical accounting estimates or judgements that would have a material impact on the financial statements.

Revenue
Revenue represents the value of the sale of goods and services provided, net of value added tax and discounts.

Revenue is recognised when goods have been delivered and when services have been provided to customers.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFINITIVE SOFTWARE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08071047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2022 703
Additions 135
At 31 October 2023 838
DEPRECIATION
At 1 November 2022 703
Charge for year 43
At 31 October 2023 746
NET BOOK VALUE
At 31 October 2023 92

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 381 169
Other debtors 3,158 1,564
3,539 1,733

DEFINITIVE SOFTWARE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08071047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 160 156
Amounts owed to related parties 6,451 2,323
Taxation and social security 4,698 267
Other creditors 1,000 960
12,309 3,706